'Almost no possibility' of Cisco bidding for Sun: CIBC

Analyst Steve Kamman at CIBC World Markets believes "there is almost no possibility" that Cisco Systems
CSCO, -1.70%
would make "any sort of bid" for Sun Microsystems
SUNW, +3.92%
Kamman was responding to a New York Times article over the weekend that speculated that Sun was "vulnerable to a takeover," and listed Cisco as a one of the "most logical" suitors. He said it would be "totally out of character" for Cisco to bid for Sun, and "completely against" chief executive John Chambers' stated acquisition strategy. "In a nutshell, Cisco looks to buy small, technology-leading companies that need good distribution and can extend Cisco's core networking franchise," Kamman said in a note to clients. Cisco is shedding 44 cents to $16.19 and Sun Micro is easing 9 cents to $4.21. IBM
IBM, -0.77%
another on the NY Times' shortlist for "logical" suitors, is losing $1.58 to $87.41.

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